Vision Marine Technologies Inc. Form 6-K Filing

This filing contains the condensed interim consolidated financial statements for the periods ended May 31, 2026 and 2025. As of May 31, 2026, the company has $814,205 in cash and a working capital of $6,859,805. The company has experienced recurring losses and has not yet achieved profitable operations, with a deficit of $83,471,531 since its inception. Negative cash flows from operations have been consistent for the past three years. Additional financing is required to fund operations and further commercialize the E-Motion powertrain business. The company is actively pursuing strategies to improve liquidity, including cost-saving initiatives and seeking additional financing through equity offerings. For the nine-month period ended May 31, 2026, the company raised $11,681,907 in net proceeds from the issuance of shares and warrants. However, there is substantial doubt about the company's ability to continue as a going concern within the next 12 months. The financial statements have been prepared on a going concern basis, assuming the company will continue operations and meet its financial obligations.